residents will start seeing a savings on their electric bills this fall, with the average household saving $300 per year thanks to a new electric aggregation deal.
On Thursday, the Will Electric Aggregation Group selected FirstEnergy Solutions as the new electricity supplier for member communities, including Plainfield, Romeoville, Bolingbrook, Lemont, Woodridge, Channahon and Shorewood.
The move will mean a 42 percent savings compared with the current rate of 8.32 cents per kilowatt hour charged by Commonwealth Edison.
That adds up to a savings of $300 per year for the average household, according to a press release issued Thursday by the Will Electric Aggregation Group.
Mayor Mike Collins said Plainfield residents will receive notices letting them know about the change and giving them the ability to opt out if they’d prefer to stick with ComEd.
“They’re under no obligation whatsoever,” Collins said, noting that the goal of the electric aggregation program is to save residents money.
Customers who want to participate in the program do not have to take any action. Customers who want to opt out will have 21 days from the postmarked date on the notice to do so.
Under the deal secured by the Will Electric Aggregation Group, member communities are entered into a two-year contract with FirstEnergy Solutions at a rate of 4.83 cents per kilowatt hour.
According to the release issued by the Will County Electric Aggregation Group, there are no early termination fees associated with the program.
In March, voters in Bolingbrook gave the village the go-ahead for electric aggregation, which is the practice of “bundling” electrical loads of communities to seek a better price.
The 16 member communities in the Will Electric Aggregation Group comprise an estimated 300,000 residents.
The new supplier is expected to begin in September.
Meanwhile, residents and small businesses are urged to be wary of solicitations from other suppliers about switching accounts. If a notice is not explicitly marked as being from the Village of Bolingbrook or Commonweatlth Edison, customers should assume it is not connected to the electric aggregation program.
For more information, visit www.willelectricaggregation.org.
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